Home Information Pack, (HIP)
BPL have been at the forefront of many of the developments in HIPs, having worked closely on their development with key providers. Our experience gives our clients an assurance not only that we know our subject inside out, but also that we're ahead of the game in streamlining our processes to give our clients maximum advantage from the changes.
Ordering a HIP from bpl couldn't be easier. You can either contact us on 0844 225 2061 or email us. If you're an introducer, you can order direct from our portal www.lawxchange.co.uk
What's in a HIP?
The HIP contains important information that buyers and sellers need to know. HIPs including Energy Performance Certificates have now been implemented across all property transactions in England and Wales. The Home Information Pack contains important information that buyers and sellers need to know. Home Information Packs including Energy Performance Certificates have been implemented on a phased basis which started on 1 August 2007.
For sellers, the Government says providing a Pack upfront should reduce the likelihood of any nasty surprises in the selling process that could delay the sale, as buyers will be able to make more informed decisions about purchasing their home. For buyers, the Pack provides essential information about properties they are considering buying, free of charge.
What does a HIP contain?
Compulsory documents ('Required') - for example, the evidence of title that proves it's yours to sell.
Optional documents ('Authorised') - such as the Home Condition Report which gives buyers a clear idea of what work, if any, needs to be done to the property.
Compulsory items
The following compulsory documents must be included in a HIP:
- Index
- Energy Performance Certificate
- Sale Statement
- Standard Searches, (Local Search and Drainage Search)
- Evidence of Title
- Property Information Questionnaire (PIQ)
- Copy Lease (if the property is leasehold)
Optional items
Some documents in the HIP are optional, (i.e. if the property is either leasehold or commonhold). These include:
- Home Condition Report
- Legal Summary
- Additional Searches (Chancel Search, Environment search, Mining Search. etc.)
- Additional information for leasehold or commonhold sales, where appropriate, such as service charge details.